Looking to invest in a flat located in a gated community apartment present in Hyderabad. The builder has started his business 3 years back. Now he is running multiple projects in and out Hyderabad. Recently the builder has initiated a pre-launch offer for his apartment flat sales. The price mentioned is really good and less compared to other ventures. They haven’t got any approvals like RERA and HMDA. They haven’t delivered any completed projects yet but few are in construction. Builders said that they will register plot in our name until construction starts and after which they convert to flat on our name.. Should I go ahead wih the builder to purchase the flat and what are the risks and benefits involved in this scenario?
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Looking to invest in a flat located in a gated community apartment present in Hyderabad. The builder has started his business 3 years back. Now he is running multiple projects in and out Hyderabad. Recently the builder has initiated a pre-launch offer for his apartment flat sales. The price mentioned is really good and less compared to other ventures. They haven’t got any approvals like RERA and HMDA. They haven’t delivered any completed projects yet but few are in construction. Builders said that they will register plot in our name until construction starts and after which they convert to flat on our name.. Should I go ahead wih the builder to purchase the flat and what are the risks and benefits involved in this scenario?
Anonymous posted September 15, 2020 at 7:10 pmComment
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